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Title: The city of Econoville has 100 residents who each have the identical demand function for park area: ...
Post by: nakungth on Oct 26, 2017
The city of Econoville has 100 residents who each have the identical demand function for park area: P = 10 - Q.   The marginal cost of providing parks is MC(Q) = 10 + 10Q.   Park area is a public good.  That is, if the city of Econoville provides park area, all of the residents can enjoy the area.  If the city of Econoville does not offer public park area, how much area of parks will each individual resident maintain on their own?  What is the optimal level of public parks in Econoville?


Title: Re: The city of Econoville has 100 residents who each have the identical demand function for park ...
Post by: Bart_arg on Oct 26, 2017
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Title: Re: The city of Econoville has 100 residents who each have the identical demand function for park ...
Post by: Alina2 on Jan 16, 2020
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Title: Re: The city of Econoville has 100 residents who each have the identical demand function for park ...
Post by: stephen mendoza on May 9, 2020
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Title: Re: The city of Econoville has 100 residents who each have the identical demand function for park ...
Post by: 陳采君 on Nov 25, 2020
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Title: Re: The city of Econoville has 100 residents who each have the identical demand function for park ...
Post by: usadjias on Dec 2, 2020
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